South Korea / Nepal

Overview In August 2024, South Korea exported $1.63M and imported $398k from Nepal, resulting in a positive trade balance of $1.24M. Between August 2023 and August 2024 the exports of South Korea have decreased by $-17k (-1.03%) from $1.65M to $1.63M, while imports decreased by $-251k (-38.7%) from $649k to $398k.

Trade In August 2024, the top exports of South Korea to Nepal were Cars, tractors, trucks & parts thereof. ($1.46M), Preparations of cereals, flour, starch or... ($232k), Pharmaceutical products ($232k), Optical, photo, & film equipment; medical... ($196k), and Perfumery & cosmetics ($192k). In August 2024 the top imports of South Korea from Nepal were Feather articles, feathers, artificial flowers, &... ($90k), Carpets & textile floor covers ($46k), Beverages, spirits, & vinegar ($42k), Used clothes & textile articles ($26k), and Toys, games, & sports ($20k).

Growth In August 2024, the decrease in South Korea's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Organic chemicals ($-224k or -96.1%), Machinery, mechanical appliances, & parts ($-221k or -94%), and Iron or steel articles ($-116k or -89.2%). In August 2024, the decrease in South Korea's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Knitted clothing accesories ($-21k or -87.5%), Wadding, felt, nonwovens, twin, ropes, &... ($-15k or -51.7%), and Wood, wood articles, & charcoal ($-3k or -42.9%).